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THIS. IS. Jeopardy. Your. With. Host. Mrs. Powell. Jeopardy. Column F. Column A. Column B. Column C. Column D. Column E. 100. 100. 100. 100. 100. 100. 200. 200. 200. 200. 200. 200. 300. 300. 300. 300. 300. 300. 400. 400. 400. 400. 400. 400. 500. 500.

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THIS

IS

Jeopardy


Your

With

Host...

Mrs. Powell


Jeopardy

Column F

Column A

Column B

Column C

Column D

Column E

100

100

100

100

100

100

200

200

200

200

200

200

300

300

300

300

300

300

400

400

400

400

400

400

500

500

500

500

500

500



Draw the regular D and S graph.

Draw a dot showing a decrease in P and a decrease in Q

Figure out what could have caused that by drawing in the lines. Decrease in demand and no change in supply

A 100



If the budget deficit increases—(more spending than taxes in a given year) it will increase the gov.’s demand for loans. If the gov., increases demand for loans, IR will increase.

A 200


Suppose in a given year) it will increase the that in an economy with lump-sum (disregard) taxes, autonomous (disregard) investment spending increases by $10 million. If the marginal propensity to consume is 0.8, equilibrium gross domestic product will change by a maximum of:

New scenario, taxes decrease by the same amount assuming the same MPC

A 300


Spending multiplier: 1/MPS in a given year) it will increase the

1/.2=5

5 * positive 10 million= 50 million increase

Tax multiplier: -MPC/MPS

-.8/.2= -4

-4 * negative (decrease) $10 million= 40 million increase

A 300


A 400 in a given year) it will increase the


A-D in a given year) it will increase the will increase the productivity of labor. Just because the labor force increases does not necessarily mean that they will be more productive. However, all A-E would shift the PPC outward and the LRAS to the right. Why? They are all an increase in resources.

A 400


A 500 in a given year) it will increase the


MPC is the change in spending brought by a change in income. If income increases by 10,000 and the MPC is point .8, then consumption will increase by 8,000

A 500


B 100 If income increases by 10,000 and the MPC is point .8, then consumption will increase by 8,000


Most of you know that inside is inefficient or unemployment, on the line is (productively efficient, and outside is currently unattainable. Missed on last test—only one point of the curve represents the best mix of goods.

B 100


B 200 on the line is (productively efficient, and outside is currently unattainable. Missed on last test—only one point of the curve represents the best mix of goods.


If set at a balanced budget at full employment, then—deficit during recession (more spending, less taxes) and surplus during inflation

B 200


B 300 then—deficit during recession (more spending, less taxes) and surplus during inflation


C then—deficit during recession (more spending, less taxes) and surplus during inflation

B 300


B 400 then—deficit during recession (more spending, less taxes) and surplus during inflation


If a decrease in exports, the AD will decrease. Find a FISCAL POLICY that will increase AD.--B

B 400


B 500 FISCAL POLICY that will increase AD.--B


C FISCAL POLICY that will increase AD.--B

B 500


C 100 FISCAL POLICY that will increase AD.--B


D FISCAL POLICY that will increase AD.--B

C 100


C 200 FISCAL POLICY that will increase AD.--B


E FISCAL POLICY that will increase AD.--B

C 200


C 300 FISCAL POLICY that will increase AD.--B


Best answer is C. Choic FISCAL POLICY that will increase AD.--Be A could increase economic growth b/c an increase in population is an increase in resources, but would probably not increase per capita RGDP, which is the best measure of the standard of living.

C 300


DAILY DOUBLE FISCAL POLICY that will increase AD.--B

DAILY DOUBLE

Place A Wager

C 400


C 400 FISCAL POLICY that will increase AD.--B


B FISCAL POLICY that will increase AD.--B

C 400


C 500 FISCAL POLICY that will increase AD.--B


MPC is .9 FISCAL POLICY that will increase AD.--B

Then, MPS is .1

Gov spending increases by $100, but exports decrease by $60. So, $40 injection.

1/.1=10

10 x 40=400--B

C 500


D 100 FISCAL POLICY that will increase AD.--B


A FISCAL POLICY that will increase AD.--B

D 100


D 200 FISCAL POLICY that will increase AD.--B


C FISCAL POLICY that will increase AD.--B

D 200


D 300 FISCAL POLICY that will increase AD.--B


D FISCAL POLICY that will increase AD.--B

D 300


D 400 FISCAL POLICY that will increase AD.--B


B FISCAL POLICY that will increase AD.--B

D 400


D 500 FISCAL POLICY that will increase AD.--B


Down the Phillips Curve=decrease in AD FISCAL POLICY that will increase AD.--B

B

D 500


E 100 FISCAL POLICY that will increase AD.--B


E FISCAL POLICY that will increase AD.--B

Talk about LRAS, LRPC, and PPC

E 100


E 200 FISCAL POLICY that will increase AD.--B


Correct Response Two E FISCAL POLICY that will increase AD.--B

E 200


Question Number Three E FISCAL POLICY that will increase AD.--B

E 300


B FISCAL POLICY that will increase AD.--B

E 300


Question Number Four E FISCAL POLICY that will increase AD.--B

E 400


SRAS decreases--A FISCAL POLICY that will increase AD.--B

E 400


E 500 FISCAL POLICY that will increase AD.--B


A FISCAL POLICY that will increase AD.--B

E 500


F 100 FISCAL POLICY that will increase AD.--B


D FISCAL POLICY that will increase AD.--B

F 100


F 200 FISCAL POLICY that will increase AD.--B


C FISCAL POLICY that will increase AD.--B

F 200


Draw crowding out. FISCAL POLICY that will increase AD.--B

Show an economy in a recession in one color.

After expansionary fp, what happens to AD/

Due to expansionary FP, what happens to the budget?

Draw the loanable funds graph. What happens as a result of #3. What happened to the RIR?

What will happen to interest-sensitive consumption spending and businesses’ purchase of capital goods (AD)?

What will happen to long-run growth?

F 300


F 300 FISCAL POLICY that will increase AD.--B


Draw an economy in full employment equilibrium. FISCAL POLICY that will increase AD.--B

Businesses’ inflationary expectations increase. What happens to SRAS?

What happened to inflation?

What happened to REAL wages? Take note--In the SR—nominal wages stay the same (unless other wise stated).

After #2, show the change in the Phillips Curve

F 400


F 400 FISCAL POLICY that will increase AD.--B


Does unanticipated inflation help net creditors or net debtors? EXPLAIN.

Net—after subtracting EX. My husband and I owe $100,000 on our student loans and $140,000 on our house. If we have $10,000 in savings (our saving are loaned out to others), then we are NET DEBTORS by $230,000.

F 500


F 500 debtors? EXPLAIN.


The Final Jeopardy Category is: debtors? EXPLAIN.

Please record your wager.

Click on screen to begin


Final Jeopardy Question debtors? EXPLAIN.

Click on screen to continue


Correct Final Jeopardy Response debtors? EXPLAIN.

Click on screen to continue


Thank You for Playing Jeopardy! debtors? EXPLAIN.

Game Designed By C. Harr-MAIT


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